# P. Hagerty Shoe Co. v. Commissioner

> United States Board of Tax Appeals · March 22, 1929 · 15 B.T.A. 1034

URL: https://www.frixlaw.com/law-library/cases/4489037

## Case

- **Full name:** P. HAGERTY SHOE CO., <emphasis typestyle="it">v.</emphasis> COMMISSIONER OF INTERNAL REVENUE
- **Court:** United States Board of Tax Appeals
- **Decided:** March 22, 1929
- **Citations:** 15 B.T.A. 1034; 1929 BTA LEXIS 2743
- **Precedential status:** Published
- **Opinion:** Opinion of the court by Lote
- **Judges:** Lote
- **Cited by:** 0 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4489037

## Opinion text

*1035 OPINION.
Lote:
We have heretofore held in L. S. Ayers & Co., 1 B. T. A. 1135, that the invested capital of a corporation may not be reduced in determining the extent to which dividends are paid from current earnings by a “ tentative tax ” theoretically set aside out of such earnings and prorated over the year.
Judgment will he entered u/nder Bule 50.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4489037. Public record. Not legal advice.